Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)30 Interests in associates and jointly controlled entities(1) The movement of the Group’s interests in associates and jointly controlled entities is as follows:2012 2011As at 1 January 2,069 1,777Acquisition during the year 294 348Share of profits less losses 28 24Cash dividend receivable (11) (3)Effect of exchange difference and others (14) (77)Total 2,366 2,069(2) Details of the interests in major associate and jointly controlled entity are as follows:Name of CompanyPlace ofincorporationParticulars ofissued andpaid up capitalPrincipalactivity% ofownershipheld% ofvoting heldTotalassetsat year endTotalliabilitiesat year endRevenuefor the yearNet profitfor the yearQBE Hong Kongand ShanghaiInsurance LimitedHong Kong,the PRCHK$78,192,220 Insurance 25.50% 25.50% 1,696 1,125 744 72Diamond StringLimitedHong Kong,the PRCHK$10,000Propertyinvestment50.00% 50.00% 1,613 1,615 – (4)CCBT PrivateEquity FundBeijing,the PRCRMB355 millionInvestmentmanagementand consultancy50.00% 50.00% 342 8 2 (14)CCBT FortunePrivate EquityFundBeijing,the PRCRMB510 millionInvestmentmanagementand consultancy33.33% 33.33% 499 – 12 (3)31 Fixed assetsGroupBankpremisesConstructionin progress Equipment Others TotalCost/deemed costAs at 1 January 2012 65,691 18,933 30,075 23,233 137,932Additions 8,001 13,316 7,759 3,883 32,959Transfer in/(out) 6,090 (8,109) 51 1,968 –Disposals (257) (1,249) (1,900) (1,332) (4,738)As at 31 December 2012 79,525 22,891 35,985 27,752 166,153Accumulated depreciationAs at 1 January 2012 (13,761) – (18,965) (10,517) (43,243)Charge for the year (2,585) – (4,717) (4,383) (11,685)Disposals 50 – 1,840 1,269 3,159As at 31 December 2012 (16,296) – (21,842) (13,631) (51,769)Allowances for impairment losses (Note 37)As at 1 January 2012 (459) – (1) (7) (467)Charge for the year – – – (5) (5)Disposals 32 – – 2 34As at 31 December 2012 (427) – (1) (10) (438)Net carrying valueAs at 1 January 2012 51,471 18,933 11,109 12,709 94,222As at 31 December 2012 62,802 22,891 14,142 14,111 113,946China Construction Bank Corporation annual report 2012135